Forecast

Prior Observation

Consensus

Week of December 2

December 2

ISM (Mfg) - November

50.0

48.3

49.2

Construction Spending - October

0.3%

0.5

0.4

December 3

Auto Sales* - November

17.0M

16.8

Car Sales

4.7

4.5

Truck Sales

12.3

12.2

December 4

ADP Employment Report - November

170K

125

140

PMI Services Index

51.6

51.6

ISM Services - November

55.0

54.7

54.5

December 5

Initial Unemployment Claims

217K

213

215

International Trade - October

-$49.2B

-52.5

Factory Orders - October

0.4%

-0.6

0.3

Durable Goods Orders

0.6

-1.2

Nondurable Goods Orders

0.2

0.1

December 6

Nonfarm Payrolls - November

180K

128

180

Private

170

131

175

Manufacturing

40

-36

36

Unemployment

3.5%

3.6

3.6

Average Workweek

34.4HR

34.4

34.4

Average Hourly Earnings

0.2%

0.2

0.3

Michigan Consumer Sentiment - Dec (p)

98.8

96.8

97

Wholesale Inventories - October (r)

0.2%

0.0

0.2

Consumer Credit - October

$15.5B

9.5

15.5

Week of December 9

December 10

NFIB Small Business Optimism Index -November

103.1

102.4

December 11

Consumer Price Index - November

0.3%

0.4

Core CPI

0.2

0.2

FOMC

1.625%

1.625

Treasury Budget - November

-$196.0B

-134.5

December 12

Initial Unemployment Claims

Producer Price Index - November

0.3%

0.4

PPI less food, energy and trade services

0.2

0.1

December 13

Retail Sales - November

0.5%

0.3

Retail Sales, ex Autos

0.5

0.2

Export Prices - November

0.1%

-0.1

Import Prices

0.1

-0.5

Business Inventories - October

0.2

0.0